The Bank of Korea on Monday officially launched a legal team to help smooth the launch of a central bank digital currency and cryptocurrencies rolled out by central banks. The formation of the six-member panel — comprising external legal experts, lawyers and BOK officials — was a follow-up to the central bank’s announcement in April, when it said it would carry out a 22-month pilot program until December 2021 to examine how to operate a CBDC system. The BOK had maintained a lukewarm stance toward the CBDC matter until then, even dissolving…
S.Korea: BOK launches legal team to research digital currency
